Where did you go to college?I attended University of South Carolina. What year did you join Scott and Company? I joined Scott and Company as an intern in January 2018. I became a full-time team member in the firm’s Assurance and Advisory practice in December 2018 Why did you choose Scott and Company?I was drawn to…
There are many professions that require taxpayers to travel extensively and spend significant amounts of time in paid lodging. These expenses are traditionally claimed as travel deductions. However, a case recently heard by the Tax Court – Soboyede, TC Summary Opinion 2021-3, 1/26/21 – has apparently established a new standard for what the IRS is…
An increased child tax credit is part of President Biden’s stimulus package to help tackle the coronavirus pandemic and stimulate the economy. This stimulus package, which was passed by Congress on March 10, 2021, and is known as the American Rescue Plan Act, will provide lower-income parents with substantial financial assistance and support various other…
Here are five things that happened this past month that affect your small business. 1) The American Rescue Plan was signed into law and includes various provisions for small businesses. The American Rescue Plan (ARP) was passed by Congress and signed into law by President Biden on March 11, 2021. While parts of the bill…
